TeraWulf Inc. (NASDAQ:WULF) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of TeraWulf Inc. (NASDAQ:WULF) have earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $20.4286.

A number of research firms recently issued reports on WULF. Weiss Ratings reissued a “sell (d-)” rating on shares of TeraWulf in a research report on Monday, December 29th. JMP Securities set a $22.00 target price on TeraWulf in a research report on Wednesday, October 29th. Rosenblatt Securities reiterated a “buy” rating and set a $24.00 price target on shares of TeraWulf in a report on Tuesday, November 11th. Morgan Stanley initiated coverage on TeraWulf in a research note on Monday, February 9th. They issued an “overweight” rating and a $37.00 price target for the company. Finally, Citizens Jmp increased their price objective on TeraWulf from $18.00 to $22.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 29th.

Institutional Investors Weigh In On TeraWulf

Institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank increased its position in TeraWulf by 3,748.5% during the first quarter. Comerica Bank now owns 12,700 shares of the company’s stock worth $35,000 after buying an additional 12,370 shares during the last quarter. Millennium Management LLC lifted its position in shares of TeraWulf by 47.8% in the first quarter. Millennium Management LLC now owns 2,456,045 shares of the company’s stock worth $6,705,000 after buying an additional 793,832 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of TeraWulf during the 2nd quarter worth about $48,000. Stratos Wealth Partners LTD. acquired a new position in shares of TeraWulf during the 2nd quarter valued at about $66,000. Finally, Lionsbridge Wealth Management LLC increased its holdings in shares of TeraWulf by 261.0% during the 2nd quarter. Lionsbridge Wealth Management LLC now owns 127,038 shares of the company’s stock valued at $556,000 after acquiring an additional 91,849 shares during the last quarter. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Stock Up 2.2%

WULF stock opened at $16.26 on Tuesday. The company has a 50 day moving average of $13.66 and a two-hundred day moving average of $12.23. The company has a market cap of $6.81 billion, a price-to-earnings ratio of -11.45 and a beta of 3.69. TeraWulf has a 12-month low of $2.06 and a 12-month high of $17.69. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.45.

About TeraWulf

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.